Summary by Moomoo AI
Xinyi Solar Holdings Limited announced that it will provide a stock dividend scheme for the interim dividend for the six months ending June 30, 2024. The interim dividend per share is HKD 0.1 and eligible shareholders can choose to receive it in cash or stock. The market value of the stock dividend is fixed at HKD 3.15 per share, which is based on 95% of the average closing price of the five consecutive trading days from August 13 to 19, 2024. If all eligible shareholders choose to receive stock dividends, approximately 0.283 billion new shares will be issued, accounting for 3.08% of the expanded issued shares. The company will send a circular and option form regarding the scheme to shareholders on September 11, 2024, and the stock dividends are expected to be traded on the Stock Exchange of Hong Kong on October 17, 2024. The board of directors includes four executive directors, two non-executive directors, and three independent non-executive directors.
